Establishment of cooperation with SACE Agency of the Republic of Italy.

SACE Joint Stock Company (Sache) is the Italian state agency for insurance and crediting of foreign economic activities, and is engaged in providing comprehensive financial services such as insurance of export loans, coverage of political and commercial risks, investment protection, guarantee, time, etc. SACE is one of the two Italian insurance and credit agencies, which mainly provides financial services to foreign economic entities (exporters), plays a leading role in the development and expansion of the export of Italian goods to other countries of the world, and covers the political and commercial risks of Italian companies in 180 countries around the world.